Oregon Statutes - Chapter 79 - Secured Transactions - Section 79.0332 - UCC 9-332. Transfer of money; transfer of funds from deposit account.

(1) A transferee of money takes the money free of a security interest unless the transferee acts in collusion with the debtor in violating the rights of the secured party.

(2) A transferee of funds from a deposit account takes the funds free of a security interest in the deposit account unless the transferee acts in collusion with the debtor in violating the rights of the secured party. [2001 c.445 §52]

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Last modified: August 7, 2008